Description
Settlement calendar for takeover offer to buy WINDOW GLASS LIMITED from July 31 to August 13, 2025
Summary
BSE announces settlement schedule for Offer to Buy – Acquisition Window (Takeover) for WINDOW GLASS LIMITED. The takeover process will run from July 31 to August 13, 2025, with settlement number 2025066 and final settlement on August 29, 2025.
Key Points
- Settlement Type: Takeover (Settlement No. 2025066)
- Bid Period: July 31, 2025 to August 13, 2025
- Obligation Download: August 28, 2025
- Final Settlement Date: August 29, 2025
- Demat shares must be delivered through Early Pay-in mechanism
- Market Type “(Takeover)” and settlement No.2025066 to be used in depository systems
Regulatory Changes
No new regulatory changes introduced. Process follows existing Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat share delivery
- Securities must be earmarked/blocked in clients’ accounts with requisite market type and settlement number
- Early pay-in must be completed sufficiently in advance of BSE OTB bidding window closure
- No EPN file upload required for CDSL & NSDL early pay-in securities
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Important Dates
- July 31, 2025: Bid start date
- August 13, 2025: Bid end date
- August 28, 2025: Obligation download date
- August 29, 2025: Final settlement date
Impact Assessment
Medium impact limited to WINDOW GLASS LIMITED shareholders and market participants involved in the takeover process. Operational impact on clearing members and custodians who need to ensure proper early pay-in procedures and system compliance for the acquisition window.
Impact Justification
Specific takeover settlement affecting one company with defined operational procedures